Vanco Share Discussion Threads

[02bursar] 13/3/2008 08:38

astol 826

"The issue I believe is accounting discrepancies by the previous FD."

Do some research please.

[astol] 13/3/2008 08:26

The issue I believe is accounting discrepancies by the previous FD.
They are still pulling in the contracts.

[moob] 13/3/2008 08:26

any knowledge on changes in accounting policy?

[masurenguy] 13/3/2008 08:20

This is begining to resemble a 'Nero fiddling while Rome burns' scenario !

There is little doubt in my mind that they have an excellent business model and that it has already demonstrated both its growth and profit potential. However if a company is seriously undercapitalized, especially in the credit crunch climate that we are experiencing at the moment, then its prospects (and even potentially its survival) are much more vulnerable. This company really needs to address this issue if they are going to have any meaningful chance of arresting this relentless share price decline.

I would really like to take a position here (any I'm sure there are others with a similar view) but will remain on the sidelines until I can see some real credibility being restored to the financial structure of the company.

[moob] 13/3/2008 08:11

ive put a chart into the header now

[masurenguy] 12/3/2008 15:14

"taffee - 5 Mar'08 - 804 of 806: heard there is a management buyout brewing here...having sorted the banks out. ceo is mad as a hatter at current sp"

Hmmm.......just more idle speculation and/or wishful thinking ? That taffee has already undermined his credibility by ramping not only this stock but various other stocks elsewhere too ! He also flippantly dismissed £70m of debt here as just being 'more of an overdraft' recently.

[astol] 12/3/2008 15:13

only found out yest

[windjammer] 12/3/2008 14:32

astol

why didn`t you tell us last week

[astol] 06/3/2008 14:37

up v a highly negative market, could push up nicely on positive market news/share news.

[astol] 06/3/2008 10:18

all sounds dodgy to me.
a few big sells todaty hopefully clear the path for a rise.

[taffee] 06/3/2008 06:48

whether they are long or short.......codes so they don't have to talk on the phone....they don't want anyone to know

[astol] 05/3/2008 19:42

signals traders give???

[taffee] 05/3/2008 16:43

astol...they are either corrections from incorrect trade amounts or signals traders give to each other rather than speak on the telephone

[astol] 05/3/2008 16:32

Good day today long may it continue

[astol] 05/3/2008 16:31

who wants to buy 57 shares and sell 30???? prob costs more in commission and stamp duty???

[davius] 05/3/2008 16:01

Haven't see the share price this healthy for a while...

[taffee] 05/3/2008 15:28

masurenguy

wait and see

[astol] 05/3/2008 15:09

Here we go +3 so far 90p beckons!!

[davius] 05/3/2008 15:08

One day some of the posters on this thread will start referring to NEBT DEBT instead of DEBT, ie borrowing minus cash and equivalents.

Then they may have a better grasp of the financial position of the company.

SP up 3p today, which makes a change.

[astol] 05/3/2008 13:59

Bought in yest and not ramping.
Have a relative in the company who advised that strong order book and that debt is manageable, lots of new contracts and re-newed contracts.
See this stock picking up strongly from here progressing to 100p end of the week and + going forward.

[masurenguy] 05/3/2008 13:54

"taffee - 5 Mar'08 - 804 of 806: heard there is a management buyout brewing here...having sorted the banks out. ceo is mad as a hatter at current sp"

Hmmm........is there any substance to this or is it just more idle speculation and/or wishful thinking ?

Problem is that taffee has already undermined his credibility by ramping not only this stock but others elsewhere too ! He also flippantly dismissed £70m of debt here as being 'more of an overdraft' recently.

There would be some real logic for an MBO at this price BUT what would they pay and who would fund it ? Can't see that major shareholders woul;d accept less than 150p (worst case scenario) which would be circa £100m PLUS there is also £70m in debt to underwrite as well. Interest alone on that level of debt would be at least £10m which is the equivalent of last years PTP. Can't see them putting together that kind of financial package in this market especially when the 85% fall in the share price is largely due to the current level of debt in the first place and that represents less than the half the finance package that they would need to support an MBO. They are probably much more vulnerable to a takeover from a large Telecoms or ICT player who already has cash !

[jailbird] 05/3/2008 11:17

taffee,

so what is gonna do about the low share price

[taffee] 05/3/2008 10:54

heard there is a management buyout brewing here...having sorted the banks out.

ceo is mad as a hatter at current sp